In the hopes of helping dealers prepare for the anticipated surge of sales for the holiday weekend, the team at DealerSocket assembled data from last year’s Memorial Day activity to help give dealers a better idea of what to expect this year, including the kind of profits they may see in their used-car operations. Here’s an […] [Read More]

Once again, auction prices for cars were on the way down last week. But pickup truck prices began picking up even more. The latest Black Book Market Insights report said that all car segments Black Book tracks saw prices drop in the lanes last week, while each of the three pickup segments in the data set saw a […] [Read More]

ServNet has added a new member, expanding its reach into Illinois. The latest to join the independent auction group is Greater Rockford Auto Auction, which is now in its third generation of ownership by the Clark family that founded it.   ServNet president Patty Stanley announced the addition at the recent ServNet Owners meeting in […] [Read More]

Given the amount of car research, browsing and shopping that is done online before a potential car buyer even arrives at your store, a new twist to mastering certified pre-owned sales is to reach those shoppers on the Web. As part of our annual “Best CPO Dealers in the United States” special edition this winter, […] [Read More]

In a two-part series, Auto Remarketing Canada covers the impact millennials are having on the automotive marketing landscape. What has changed? What still rings true? Digital marketing experts, dealers and industry analysts discuss how best to reach and engage with a younger audience. Part I will cover changes in motives for car purchases as well […] [Read More]

It was announced today that the former vice president and chief operating officer of Kia Canada, Maria Soklis, has been named to a newly formed role at Cox Automotive. Soklis has been hired as the new president of Cox Automotive Canada. In the newly created position, she will lead the development and execution of the […] [Read More]

Automotive shoppers, now more than ever, have a wealth of knowledge available at their fingertips. Where can a dealer place their offerings to find the right customer at the right time? The options in the digital space are virtually unlimited — pun intended.  As part of our journey to help you find the folks most likely […] [Read More]

Arguably one of the more important keys to selling certified pre-owned is making customers take notice. In other words, how you convey what makes CPO vehicles different and desirable. So, as part of our annual “Best CPO Dealers in the United States” special edition this winter, Auto Remarketing asked Matt Ryan, general manager of Niello MINI […] [Read More]

According to ADESA data, auction prices were up slightly in April. However, analysts say there is more to the story. In the latest edition of Kontos Kommentary, executive vice president of ADESA Analytical Services Tom Kontos said the bump in auction prices — a 0.07-percent increase from March — is due in part to the type of […] [Read More]

Hertz Global Holdings plans to cut down on its purchases of new model-year 2015 units this year, while also selling more units out of its existing pool of cars. The company, sharing these plans in a recap of its first quarter operating results released last week, said these steps are part of its effort to […] [Read More]